Nonprofit Accounting Basics

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Definition of Key Employee

Originally Posted: August 30, 2021

The definition of a key employee includes a three part test. To be a current key employee all three tests must be met:

The $150,000 Test

Christian Spencer

RSM US LLP

Who is Reviewing Your Key Contracts?

Originally Posted: August 27, 2021

Ensuring that the appropriate individuals are reviewing key contracts is essential to identifying, quantifying, and, if necessary, reporting financial liabilities in a timely manner.

Don’t Fall for a Social Engineering Scam

Originally Posted: August 27, 2021

Even the most sophisticated organization can be the target of an online attack scheme known as spear phishing.

Emmett Robertson

Rubric Legal LLC

When Does Your Activity Become Lobbying?

Originally Posted: August 24, 2021

What Your Nonprofit Needs to Know

Form 990 N e-postcard Must Use New IRS.gov Portal

Originally Posted: August 23, 2021

Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or Form 990EZ, is used by smaller, tax-exempt organizations for annual reporting and c

Disqualified Persons and the Intermediate Sanctions Excise Tax Regime

Originally Posted: August 11, 2021

Disqualified Persons and the Intermediate Sanctions Excise Tax Regime[1]

How Can I Explain the Bottom-Line Budget Impact of Multi-Year Grants?

Originally Posted: August 6, 2021

Question: I am the Executive Director of a nonprofit organization that was recently awarded a 3-year grant. We recorded the grant in full last year.

Form 990 (Core Form)

Originally Posted: July 29, 2021

The Form 990, Return of Organization Exempt from Income Tax, contains a twelve page “core” form with the following twelve parts:

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